Gazprom to invest $1,8 billion in Nord Stream-2 in 2017

In 2017, Gazprom plans to increase the volume of its investments in the area of gas transportation through pipelines by 6,8%, up to 911,235 billion rubles ($15,3 billion), compared with 853,01 billion rubles ($14,4 billion) a year before, the company's documentation says.

The program includes Nord Stream-2 project with investments totaling 110,6 billion rubles ($1,8 billion), what was not in the last year's program. Nord Stream-2 is scheduled to be put in operation at the end of 2019. The pipeline will run under the Baltic Sea from Russian coastline to the German one.Carrying capacity of each of two pipeline strings is 27,5 billion cubic meters per year.Capital expenditure on the project is estimated 8 billion euro.